Photographer: Daniel Acker/Bloomberg
Wells Fargo & Co. is considering whether to jump-start its shrinking student-lending business by catering to borrowers holding U.S. government loans.
The San Francisco-based firm would offer loans to let customers retire their government-backed student debt, John Rasmussen, the bank's head of personal lending, said in an interview. Wells Fargo would keep the loans as it already does with private student debt. The government holds about $1.4 trillion in student loans, representing more than 90% of the market.
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